Berardo may face lawsuit after Noosa Food and Wine failure

RUMOURS are building that a class action against Jim Berardo will be waged.

Creditors of his failed businesses found out at a meeting with Noosa Food and Wine Events administrator Worrells Solvency and Forensic Accountants on Thursday that the Noosa International Food and Wine Festival had not made a profit in years and had no money in the bank.

The meeting in Mooloolaba was understood to be open to all 120 creditors.

"We're screwed. There's no money," said beverage supplier "Jonathan", who was owed thousands of dollars. He asked to remain anonymous until the end of the month, when it will be clear whether his invoices would be paid.